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Questions and Answers
Which one of the following is true about saving and investing?
Which one of the following is true about saving and investing?
- Saving is about increasing wealth, while investing is for emergencies.
- Saving is for short-term goals, while investing is for long-term goals. (correct)
- Saving and investing have the same level of risk.
- Saving and investing are interchangeable terms.
Which one of the following is an example of a low-risk activity?
Which one of the following is an example of a low-risk activity?
- Driving a car (correct)
- Flying on a plane
- Investing in the stock market
- Starting a business
Which one of the following is true about the liquidity of saving and investing?
Which one of the following is true about the liquidity of saving and investing?
- Saving and investing have the same level of liquidity.
- Liquidity doesn't matter in saving and investing.
- Saving is more liquid than investing. (correct)
- Investing is more liquid than saving.
Which one of the following is a long-term goal?
Which one of the following is a long-term goal?
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Which one of the following is true about the risk and reward in finances?
Which one of the following is true about the risk and reward in finances?
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